Exercise $4-1$ Presented below are changes in all the account balances of Fritz Mayhew Furniture Co$.$ during the current year, except for retained earnings. Increase Increase $($Decrease$)($Decrease$)$ Cash $$79,000$ Accounts Payable $(51,000)$ Accounts Receivable $($net$)45,000$ Bonds Payable $82,000$ Inventory $127,000$ Common Stock $125,000$ Investments $(47,000)$ Pald$-$In Capital in Excess of Par$-$Common Stock $13,000$ Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $$19,000$ which was paid in the current year. Net Income